Uploaded on Jul 16, 2021
The telehealth market was valued at US$ 17,289.9 million in 2017 and it is projected to reach US$ 52,897.2 million in 2025; it is expected to grow at a CAGR of 15.7% from 2016 to 2025.
Telehealth Market was valued at US$ 17,289.9 Mn in 2017 and is estimated to reach US$ 52,897.2 Mn by 2025
Telehealth Market
The Telehealth Market
was valued at US$
17,289.9 million in 2017
and it is projected to
reach US$ 52,897.2
million in 2025; it is
expected to grow at a
CAGR of 15.7% from 2016
to 2025.
Current and future Market Scenario
According to our new research study on “Telehealth Market Forecast to 2025- Global Analysis by Product, Type, Mode of
Delivery and End User,” the market is expected to reach US$ 52,897.2 million in 2025 from US$ 17,289.9 million in 2017; it is
estimated to grow at a CAGR of 15.7% from 2016 to 2025. The report highlights trends prevailing in the market, and the factors
driving and hindering the market growth. The growth of the global telehealth market is attributed to the increasing prevalence
of cardiovascular disease, home monitoring for the treatment and reducing cost for the chronic treatments. However, cyber
threat and rise in data security and tricky policies and reimbursement rules are the major factor hindering the market growth.
Based on mode of delivery, the global telehealth market is segmented into on-premise, web-based, and cloud- based. The web-
based delivery mode held the largest market share in 2017. However, the cloud- based segment is estimated to grow at the
fastest rate during the forecast period. Rising adoption of cloud based technology by telehealth providers to save patient data
and allow access of data to other providers offer lucrative opportunities for the growth of cloud- based segment.
Current and future Market Scenario
The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business
shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need
for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to
see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising
research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop
in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement.
Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model
post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition,
disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials
in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is
also expected to witness more vertical integration and joint ventures in coming years.
Key Findings
Market Insights
Increasing Prevalence of Cardiovascular Disease to Drive Global Telehealth Market Growth
Delivering healthcare via telehealth solutions could open up home monitoring of aged care patients with chronic diseases,
improving health outcomes and significantly saving costs. Chronic diseases such as stroke, heart disease, cancer, depression,
diabetes, obesity, and arthritis are the response for billions of medical cost. Telehealth is a powerful tool in reducing the rate of
deaths and managing the negative health effects associated with these chronic conditions. Telehealth used information and
communication technology (ICT) and mobile wireless devices which have been utilized in various clinical disease to reduce
medical cost and improve outcome, especially in cardiovascular disease. With the help of advanced ICT technology, telehealth
can improve the management of cardiovascular disease and also improve the access to health care and quality of health care
delivery to their patients.
Cardiovascular disease is a leading cause of death in the United States where 1 to 3 deaths estimated
every day. Heart failure is responsible for a high hospitalization rate in the region. To prevent
cardiovascular diseases, improve care quality and reduce mortality hospitalization rate, Telehealth
solutions are used. American Heart Association (AHA) and American Stroke Association support the
telehealth strategies for acute stroke whenever physicians are not available on-site.
Key Findings
Additionally, cardiovascular is found to be common in European countries as well. According to the European Heart
Network AISBL, cardiovascular disease (CVD) causes 3.9 million deaths in Europe and over 1.8 million deaths in the
European Union (EU) each year. These statistics determine an increase in the demand for Telehealth solutions in various
regions across the globe.
Product-Based Insights
In terms of product, the global telehealth market is segmented into integrated and standalone platform. In 2017, the
integrated segment held larger share of the market. Also, the same segment is estimated to continue its dominance
during the forecast period.
Type-Based Insights
In terms of type, the global telehealth market is segmented into hardware, software and services.
In 2017, the software segment held larger share of the market. The same segment is expected to
dominate the market during the forecast period.
Key Findings
Mode of Delivery-Based Insights
Based on mode of delivery, the global telehealth market is segmented into on-premise, web-
based, and cloud- based. The web-based delivery mode held the largest market share in 2017.
However, the cloud- based segment is estimated to grow at the fastest rate during the forecast
period.
End User-Based Insights
In terms of end user, the global telehealth market is segmented into healthcare providers, payers,
and patients. The healthcare providers segment held the largest share of the market in 2017, and
the same segment is estimated to dominate the market during the forecast period.
Strategic Insights
The global telehealth market players are adopting the product launch and expansion strategies to
cater to changing customer demands worldwide, which also allows them to maintain their brand
name globally.
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Market Segments
By Product
• Integrate
By End- User By Mode of Delivery
• Standalone
• Patients • On-Premise
• Payers • Web-Based
By Type
• Healthcare Providers • Cloud-Based
• Hardware
• Software
• Services
By Geography
North America Asia Pacific South America
• US • China • Brazil
• Canada • India • Argentina
• Mexico • South Korea • Rest of South America
• Japan
Europe • Australia
• Rest of Asia Pacific
• France
• Germany Middle East & Africa
• Italy
• UK • South Africa
• Spain • Saudi Arabia
• Rest of Europe • UAE
• Rest of Middle East and Africa
Leading Players
Company Profiles
• Medtronic
• Cerner Corporation
• Tunstall Healthcare
• AMD Global Telemedicine, Inc.
• American Well
• Philips Healthcare
• Aerotel Medical Systems Ltd.
• Honeywell Life Care Solutions
• Medvivo Group Ltd.
• Cisco Systems, Inc.
REASONS TO BUY
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading
players and segments in the telehealth market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global
telehealth market, thereby allowing players across the value chain to develop effective long-term
strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and
emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as
well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security
interest with respect to client products, segmentation, pricing and distribution.
Telehealth Market
Access Full Research Report at:
https://www.theinsightpartners.com/reports/telehealth-market/
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